Torrance First-Time Homebuyer Report for January

Torrance is a larger than average city in California with 145,438 residents. Also, it has seen a 5.7% increase in population over the last 10 years. Its three largest zip codes are 90503, 90501, and 90505. Torrance is an area where most people own their homes, with an ownership ratio of 54.2%. The top school in the city is Riviera Elementary School.

Culture

If you're looking to explore the nightlife of Torrance then check out Gable House Bowl, Foursquare's most popular place to get a drink. You might also try Starbucks, a popular place to get a cup of coffee. Lastly, Del Amo Fashion Center, Macy's, and Barnes & Noble are well-known places to shop.

Price Range

The median value of homes in Torrance is $552,000, making it one of the most valuable areas in California. At the same time, the average list price of available homes is presently $761,799. The most expensive places to live are 90277, 90505, and 90503. In this week's report, the number of homes sold in the Torrance market slid to 73 over the past 30 days, a decrease of 18.9% from last week's report.

Out of all the listings in Torrance, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$300K   $779K   $1.8M  

Typical Dwelling

A three-bedroom detached home valued around $806,218 is considered a typical dwelling in Torrance. If a buyer was looking for a similar home, they would need good credit and a $161,244 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $3,367 and the property tax rate is $7.73 per $1,000 of taxable assessed value.

Get started right now by checking out Torrance homes for sale or reviewing Torrance real estate trends.


Data reported through 1/12/2017

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